Notice of funding of a capital increase through 3rd-party allocation of newly issued shares by Ossia, Inc.
Nov. 05, 2014
Recruit Holdings Co., Ltd.
Recruit Holdings Co., Ltd. (Headquarters: Chiyoda-ku, Tokyo; President and CEO: Masumi Minegishi) has funded a capital increase through 3rd-party allocation of newly issued shares by Ossia, Inc. (Headquarters: Redmond, Washington; CEO: Hatem Zeine), a provider of wireless power transmission technology through its investment subsidiary RSP Fund No. 5, LLC.
1. Goal of this investment
Ossia, Inc. plans to use this capital infusion to accelerate product development and promote the propagation of its services in Japan. Through this investment, Recruit aims to participate in the propagation of wireless power technology in Japan, for which demand is expected to increase.
2．Overview of Ossia, Inc.
Ossia is a technology licensing company focusing on wireless power transfer technology. Wireless power transfer technology consists of a transmitter which converts electricity to radio waves and a receiver which converts electricity to radio waves. For example, it enables mobile phones and other small consumer devices to be charged wirelessly without using power codes or adapters. Ossia, Inc. plans to leverage on its exceptional expertise and technology in this field to expand the business around the world in the future.
|(1)||Company name||Ossia, Inc.|
|(3)||Headquarters||2615 151st Place NE Redmond, WA 98052 USA|
|(4)||Established||2nd September, 2008|
|(5)||Main business||R&D of wireless power transmission technology|
3. Overview of RSP Fund No. 5, LLC
|(1)||Company name||RSP Fund No. 5, LLC|
|(3)||Headquarters||8-4-17 Ginza, Chuo-ku, Tokyo|
|(4)||Established||May 7, 2013|
|(5)||Main business||Investment development and venture capital|
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